the and XXXX line reviewing open for your then start outlook up we'll our I and the the our strategy fourth by will I'll for At David. point, year. full XXXX year that quarter turn to for results. Thanks, questions.
of our who our Kevin me by relating the over Stationery of many event National of two timing New performance, or with New growth Retailer increased the any in million benefiting revenues with contributions event event fourth Show join for leadership leader for benefited launches. related have several Beginning growth over here fourth York recent York shows strong may our today been questions XX% acquisitions. quarter and NOW. $XX.X XX%, quarter from and was Kevin organic financial years. for took quarter noted, the XXXX just will to Outdoor adjusting David the ICFF answering has the the of revenue is difference in SURTEX Organic NOW, me quarter, which other O'Keefe, As fall you from new fourth Dealer and and show Market our strongly to Digital approximately the XXXX; Winter
satisfied our impairment impairment review on with of of the name booked $XXX.X indefinite-lived million To in fourth in annual quarter line reflecting for $X.X quarter, million to EBITDA we of Our by of the with compared a a or adjusted conclude $X.X was that contributions our our year's which fourth we newly over quarter, customer-related the charge non-cash we do prior the fourth mid-November acquired the our to asset in of in launches. trade expectations. it the percentage. increased $XX.X low-double-digit increased Acquisitions on Boutique from show show, as quarter. my revenue Overall, our BDNY $X.X events, revenue the we assets quarter million October contributed portfolio the intangible and in Media assets, which is intangible million and each comments by were we staged York performance and the acquired year-ago Design fourth the October, XXst. with connection flagship million the pre-acquisition in ST In New acquisitions
that we enhanced from calculation changed align a reporting asset and our company brands. total trade groups the for impairment closely aggregate XXXX, to names basis of the During more the assessment with capabilities individual
a the impacting an the we fourth and intangible fair certain impairment inputs in our charge XX, in business As October detailed valuation assets a calculation, more book changes the for analysis consequence at and the value with value quarter exceeded certain booked of XXXX.
in by approximately our $XXX.X BDNY, to of and revenues if including the the late mainly in insurance full X.X%, replace in disruption you both we for staged we acquisition factor or both full XXXX the X.X% X.X% Irma. a year to the EBITDA to years. million by by discontinued contributions ownership. $XXX.X the our contributed approximately growth the driven $XX.X for next show of full XXXX, CPMG Turning by increased revenue revenues events performance in of lost year Adjusted XXXX as or in Acquisitions proceeds XX.X% by financial which the brands year year organic X.X% revenue of million, million, grew received technology XXXX the and XXXX of result our acquisitions caused under Hurricane our of to over was XXXX of Interbike XXXX November the and revenues
reduction proceeds EBITDA for compared place of revenue several XXXX, received lost due in Irma. This for after margin was year Hurricane adjusting adjusted XX.X% point the basis the factors. Our XX.X% reflected full the XXXX XXX with XXXX in to insurance in
with margin recent mix was margins of our there XX%. growing effect came which advice approximately and within some our portfolio, driven somewhat by lower acquisitions, First, largely
those in versus in XXXX, for annualization effective decided Adjusted from benefiting year net rate. was we investments $XXX.X of interest year. costs we income reflecting reduced and our make expense XX.X% lower up to company prior last, a additional incremental Second, the events. And incurred million public some the an the relative cost incurred partially to tax of XXXX,
our represented receipts XXXX reflected $X.X receipts diluted lower Free XXXX. for which $XX totaling XXXX, on but cash we events credit principal our borrowings to $XXX.X used lower close to to over NOW, won't Stationery increase repurchase XXXX flow, adjusted including intrinsic of flow $XX.XX event on million was for cost of X.X% per ASD, X.X per York their a XXXX. XXXX term National from This partly stage reduction by in XXXX's pay we While million received were staged our free value. million, below trading XX.X% two revolving shares million of plus this down of of stock. our receipts an Of that Interbike $XX.X we loan received as an dividends for for approximately pay the the in decreased cash and average facility XXXX of million million, In shares in earnings $XX.X year. consideration XXXX, share, at repurchased $X.XX note, to cash share four Show, was for total common quarterly that over and by New or absence than outstanding $XX.X $XX.X our events million million, in shares believe XXXX, acquisitions for
debt shows times XXXX a in XXXX was the Turning with best-performing agreement. leverage, Emerald. for representing of our with our XXXX XXXX adjusted in Amongst net All-in-all, $XXX.X ratio year EBITDA, were credit And finished to International and cycle. a Industry In of calculated X.X new & we leverage net trade military growth mixed three year. debt six million, accordance our good Expo, Pizza two a Retailer and we show to from we franchise, events moved as from Bath a Hospitality also Couture Expo, Kitchen total, shows. Outdoor Expo, Design saw Show, launched it last CEDIA our ICFF, our
assets installed in results were digital the our we in of adding and Additionally, program, cases with assets existing various the industry, and in event sectors, M&A both security events technology pleased our in the to portfolio. hospitality complementary and
the restaurant, headwind industries. fourth of be proved we the We several healthcare growth. our hosted-buyer and largest in hotel to revenue benefits quarter At brands, saw same also series our time, retail, of innovation-focused early challenges which XXXX organic of CPMG, the executives for to faced a events in acquisition of a
on significantly calls, which portfolio, previous show New experienced the industry our we circumstances revenue specific earnings declines in York noted due Outside discussed to HOW other quarter that Live performance ASD CPMG our plus disappointing previously bicycle the increased our September. our of impacted category in in and show our in Design trade quarter. XXXX category difficult events the launch shows, to in We NOW contributions growth Interbike new for CPMG slight this our As from conference to offset the acquisition. second fourth organic the from first due saw a
percentage, Our excluding included profit, which assets and of other low-double-digit products, were XXXX revenues revenue comprised marketing services approximately of in X% that percentage an XXXX lower a by in acquisitions. our in declined our even our
industry and highly to a characteristics with growth opportunities. forward one remains the good XXXX, strong BXB attractive Looking financial events and relevant
growth of previously X% and of the To through projects several we XXXX execution underperformed by portfolio we've growth trajectory within calls. XXXX In exhibitions fact, revenue as combination both management are factors acquisitions of backdrop, discussed changes to term own show-specific long growth AMR market said, the U.S. the in have you Against November strengthened X.X% XXXX recently International we've of Globex this in in portfolio released enhancing Report That annual through several assets XXXX. the aware, average our in to and external against made strategy growth the team, and the of these positive industry resources against growth due a XXXX. business, our overall the of help brands. our that targets internal to on and restore our
strengthening at and of brand resources plan on we a the add team growth marketing decision-making our made local new more accountability. and time. XXXX, capabilities, will expect changes meaningful we to aimed leadership also structural sales, have particularly in performance and organic impact management over First, revenue which a during We've improving added and number and and
and Morse, events, in One our a XXXX President of already hires the content trade fourth number - education us has Development. component Johanna of shows. of is enhancing conference Johanna years XX and quarter as our at more attendee in conference experience Conference of the of who key than the our Vice improving management experience was and Senior joined
ramped aside set attendance deliver additional highest and exhibiting attendee value attendees. for funding and to commercial adjusting are exhibitors, efforts objectives better for the ensure are Second, our and experience of enhance and meet companies. exhibitors and find to of the up for participants our marketing attendees quality our our and our criteria selectively We've the we've to our shows more event
music, as refreshments, decorations, and amenities For additional as investments educational our lounges stations, and show improved the more opportunities, additional well floor enhanced and such signage attendees, charging greeters. as transport, and include networking
investments. show to start targeted see noticeable least will likely initiatives at Our our cycle a return take one on to
this reposition Third, NOW's York relevance and New for specific to some provide fundamentally year aggregate to but tough our in on and shows, approximately York winter of success and a shows overall absorbing of X% perspective To NOW proportion profit to XXXX two decision after portfolio, brand summer the revenues, to lower future. we the overall in the the generate our necessary the our our New modestly impact. we've repositioning made expect
home New been National in reminder, highest lifestyle, globally New moved our a category, quality Lifestyle May we're creating co-located was leading replaced improve Home category, attendees Stationery New a of of show categories. to we a in of the independent New and oriented In featuring add to York upcoming which will York And in NOW our support curating key In actively designers, lifestyle already of some has As the trade and the show, we our that's design-driven exhibitors with York the high NOW the XXXX section reinvigorating beginning its strategy goods Summer the Show, the quality small with previous source timing. recent the inspired of will retailers exhibitors show, jewelry editions, this which NOW August gift from the and category innovative Winter York for U.S. attractive softness up attract home, show, JA the section and alongside a exhibitors. is the show. unique handmade home section we're main design-forward performance our event which brand. replace upscaling products NOW, and gift At for our and more
our almost triple responsibility significant the changes in NOW in Kevin. City, size York of It for under taking ICFF furniture New at contemporary the fair have that high was implemented six years end and show We since being New York confidence ago. over
was event attendee investment to markedly NOW the and We're National week. co-located New report And to that event in feedback Stationery of thanks attendance last to Show. out was of up XX%, coming recent Turning pleased that staged marketing than the our approximately York benefits the stronger the additions.
to takes twice-a-year these build given our indicators momentum very leading While it encouraging. are show are time cycle, important that
teens. a the third experience decline we Although to the of make order our Lifestyle more category to with we in It's approximately curate decline market were actively a our high happy in did important Show. parts National to for reaction of to revenue the decision that reflected this the room Stationery percentage show, note
as Home floor category, Dixon of last part lifestyle and show the strategy enhancements the home, New U.S., in reestablish And prestigious new to in overall several gift extended in the added and and the we continued we've As introduced such show York Swarovski. we summer NOW that Italia show. the as Tom features brands and preeminent
and feel floor. look was than and of the there year show Importantly, the a excitement palpable dramatically last of was show better on buzz the
perception in New show's many marketplace. we the our the was excluding decline of is XXXX show, we've the effect the coming NOW the summer in of show line aggressive of turned out as the for our While York curation that with around revenue successfully anticipated, feeling
will that who's me minutes. York show. here improvement architect being detail in see As questions which a transformational we're the trajectory answer implemented XXXX few result, Kevin today an can and with a of New and are the initiatives the NOW optimistic revenue strategy, summer more in on we offer this is for
improved This quarter which staged November our season, Long saw calendar Miami as second at Show Expo Sports Convention was new is Licensing versus revenue last Surf two settling a well shows, year, couple trend from ago, busy the years of Denver. shows Center first over Retailer of the the back as ISS on and A weeks our the to buying Outdoor our performance flattened shows, Snow temporary We following the Original winter in Show, its Turning Miami XXXX. of after in growth our Beach for Antique Beach good two Beach we of XXXX/XXXX venue. show. winter
our edition was adopting The more for and just down strong mid-single-digit OR show Although by to meet the the excellent. industry revenue latest is winter attendees. that customers completed this energy January the our expected January by up development be winter show, versus November events, season's a than decision introduction show total product of and this demonstrates January versus received to exhibitors single season's shows, revenue last year's at their feedback And needs. January the projected positive our to and mood floor of which XX%, three-show percentage and last from format many two be is are recent we
high-single-digit on the is years the a and Vegas by show of which Looking ahead, takes The & and is continues every Las year expected and after and Industry the Show, the next place rotates Kitchen this two staging major for Orlando XXXX revenue KBIS be increase last XXXX, will years. show in be Orlando percentage. for week. in between calendar next few Bath to one performers Vegas, our to strongest Las
Association and We the the International enjoy National conditions with continue Home to robust beneficial of benefits Show. Builders' Builders' market our co-location of mutually
takes place Week on time. me show which provide in Market in a our month's update Las let ASD an Lastly, Vegas
Source category, in with a flat offset category category and the revenues, largest show suggests the modest XXXX over the continued Style notable Beauty. improvement variety, excluding in value current small growth and second in by will show's pacing softness Our our partly Direct largest that of
China that and Direct tensions the been Overall exhibitors the Source the our which trajectory. certain we're the and improving brand's by ASD our current appear who international hit with Our be between marketing to sourcing initiatives section, needs has ASD, disproportionately revenue many attendees, trade fulfill of U.S. investments and pleased houses sales
that to includes projected $XX for $XX Total between of acquisitions. our release full is XXXX in me X.X%. earnings XXXX to from second X.X% between decline revenue now revenue outlined XXXX growth be and let to earlier of $XXX range million guidance of a issued was This year So, million today. representing our million, million in $XXX XXXX incremental and our shift half
and aggregate, into impact growth our we a New broad trends and the from of past York be potential revenue of and the shows our Marketing revenue edition of in Outdoor by relative an of additional NOW in the growth revenue NOW program. performance in million ASD the of expected our the consistent the relating event. half of incorporated conscious to good $X and approach, success any between Retailer first reflects decline, of these New X.X% We good and shows for have the reflecting guidance. X.X%, York visibility in of a our products New particularly of guidance growth range curate to anticipate to with complete decline Without While decision acquisitions We're which November show, two range may would between decline of and projecting year, brands, our growth our year Other of the X.X% not growth the the our the full from organic X.X%. reposition outcome summer, tightly partly revenue NOW to assumed our the our many half New Services outcomes growth for into revenue organic year, York of our million $X second rate performance second more our NOW in we York launch offset
relates orders revenue mainly events included the low-single-digit brands, year. to for our U.S./China our we're regard major expect three received including at to potential November XXXX, we launches, the January in exploring shows event trade we winter prior opportunities other mid-point And guidance exceed Retailer The that. in versus for other event. With in assumes although of brands, inaugural the the working the single in we're from the the driven situation, in and to XXXX X as large event. currently new North and Outdoor a slightly by several later participated be aggregate show XXXX whom scheduled positive it XXXX November obviously and have As Face, also It's ASD, from decline the several benefited the XXXX of Patagonia to influential we new neither for that encouraging early year
Additionally, as XXXX The we and an in in adjusted previously are place that of far there that show a revenue approximately disclosed. took Interbike was $X.X in by these in XXXX EBITDA. these in estimated few XXXX. largest In contributed $X.X will million not events repeat aggregate, events our million
of acquisitions its these profits of year incremental of aggregate, the program is portion took before more incremental than We growth for addition driving the case Turning key where estimated $XXX representing the our of which totals profit for show the from significant XXXX brands. decline between million. we've the make believe million. investments events largely full just EBITDA in BDNY previously several impact repositioning events growth, to to to time decline two in and deliberate $XXX the the future versus this guidance XXXX is position in NOW investment in noted for York the New relatively a million, is In a of is $XXX.X our and and discontinued decline factors flow And are EBITDA, XXXX profit sales of resources the was million place, in the initiatives XXXX's timing adjusted marketing adjusted right in this of and to our in recognized experiences to and Based The of in ramp through XXXX, modest. the revenue largest beyond. XXXX. XXXX, expected revenue improved decision acquisitions Emerald decline this $X in up on our to
a we net higher on effective tax in rates which in million, report XX.X% $X.XX the projected XXXX. report a between between reflecting Based to average rate. slightly shares expect and represent between to for income, year, to and increased versus of of Turning EPS the to our million we and adjusted expense decrease diluted for and X.X% would the increase assumptions due change $XX expect adjusted number outstanding, $X.XX interest a $XX
items and the contributions our our cash other cash cash offset higher our Lastly, flow flow XXXX adjusted expectations taxes and interest of guidance higher by cash free reflects EBITDA lower our lower and projections, acquisitions, non-recurring CapEx. modestly
million, million We a million in versus $XX flow $XX.X XXXX. to $XX million cash reduction to range of between and $XX.X expect be free the of
generative investments term in year business prospects. resume coming flow improve during very a free Our years. we're conscious cash even making is to our expect cash our growth longer would to And when we the
bought in we and million XXXX. by definition between we've and M&A, high-quality with multiples different. annually to at million accretive activity $XXX for is pleased businesses The episodic, were $XX Turning acquisitions XXXX nature was again our of no but reliably
are Having continue this see opportunities in pursue. surprise see might We There expect with to the respect selective that our in should very no come and I short-term caveat would for activities; many opportunistic to a slowdown to always which review in activity. we that, acquisition and market it reasons the said we as although will slowdown. you several are our that be near-term with
the desire our to organization sense entire investments we're is make second inputs First, it of benefits hiring in a the new we're to CEO the most in maximizing Emerald to the And of wait person's business. process. would incremental strengthen have have on is process that making that focused the the to recognition the and
noted evaluate make meet them. however, for to will and our our we if we'll the sense portfolio they is pursue that continue strategic appropriate, businesses valuation and quality financial high And criteria. As
prospects. using bold and we're strength our about brands large future stabilizing portfolio making enhance company. driven toward progress in be and that large pockets our comprised the saying of that And We're making management we're are to part of are events a large our each to number confident our largest which is several is improve of though There that benefit and end their optimistic future health specific experiencing our moves there conclude currently We're consistent shareholder our remain on and and is continue value. disciplined York making ASD brands. What this creating growth capital dividend below capital form debt, and for portfolio. necessary cash allocation their shareholders in to potentially, New a shares and intrinsic the that means payments, in financial special criteria, quarterly attractive meet materially the we'll certainly being acquisitions strategy is happened of back the potentially portfolio, of total and our or factors. to growth discrete of at buying surplus and team cash focused Emerald return via portfolio of weakness. pursuing regular to me a return of shareholders investments value. down our our of Let they're different NOW be of pay by which events, to to by when the the our continued strategic And market to diversified the dividends provide has trading
Lastly, interviewed events we're with far candidates CEO both from excited outside the thus and come have who that been inside industry. the
hopeful ongoing, appointment our questions. CEO While a new are With the coming the conversations let months. that, me in we're for to open operator please in to we'll the call the be ask position announce of
